Global
travel has always been a payments-intensive business, but the fragmentation of
providers handling collections, payouts, FX and issuing can create operational
drag and hidden costs for travel sellers.
For many travel companies, foreign exchange in particular
remains an opaque back-office function rather than the genuine
revenue diversification opportunity that it could be.
In
an interview with Phocuswright senior vice president of content Mitra Sorrells,
David Messenger, CEO of global businesses at PingPong Payments, discussed how
the company's decade-long investment in cross-border payment infrastructure
translates to the travel sector and why consolidating onto a single API stack
may offer more strategic benefits than most travel finance teams realize.
Watch
the full discussion below.
Why unified payments infrastructure could be travel's next competitive edge